INTEL CORP (INTC) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 30, 2017

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Exhibit 99.1

Intel Corporation
2200 Mission College Blvd.
Santa Clara, CA 95054-1549
intellogobwa04.jpg News Release


Intel Reports Fourth-Quarter and Full-Year 2017 Financial Results
Announces 10 Percent Increase to Quarterly Cash Dividend


News Summary:
Record fourth-quarter revenue was $17.1 billion and record full-year revenue was $62.8 billion. Excluding McAfee, fourth-quarter revenue grew 8 percent year-over-year with data-centric revenue up 21 percent, and full-year revenue grew 9 percent year-over-year.
Delivered outstanding quarterly and annual earnings growth.
In 2017, Intel generated a record $22 billion cash from operations and returned nearly $9 billion to shareholders.
In 2018, Intel expects another record year and is raising its quarterly cash dividend 10 percent on an annual basis.

SANTA CLARA, Calif., January 25, 2018 -- Intel Corporation today reported full-year and fourth-quarter 2017 financial results. The company also announced that its board of directors has approved an increase in its cash dividend to $1.20 per-share on an annual basis, a 10 percent increase. The board also declared a quarterly dividend of $0.30 per-share on the company’s common stock, which will be payable on March 1 to shareholders of record on February 7.

"2017 was a record year for Intel with record fourth-quarter results driven by strong growth of our data-centric businesses," said Brian Krzanich, Intel CEO. “The strategic investments we've made in areas like memory, programmable solutions, communications and autonomous driving are starting to pay off and expand Intel's growth opportunity. In 2018, our highest priorities will be executing to our data-centric strategy and meeting the commitments we make to our shareholders and our customers."
 
“The fourth quarter was an outstanding finish to another record year. Compared to the expectations we set, our revenue was stronger, our operating margins were higher, and our spending was lower," said Bob Swan, Intel CFO. “Intel's PC-centric business continued to execute well in a declining market while the growth of our data-centric businesses shows Intel's transformation is on track."

Intel's fourth-quarter results reflect an income tax expense of $5.4 billion as a result of the U.S. corporate tax reform enacted in December. This includes a one-time, required transition tax on our previously untaxed foreign earnings, which was partially offset by the re-measurement of deferred taxes using the new U.S. statutory tax rate. Looking ahead, the company is forecasting a 2018 tax rate of 14 percent as the Tax Cuts and Jobs Act helps level the playing field for U.S. manufacturers like Intel that compete in today's global economy.

"Intel has a rich history of investing in U.S.-led research and development and U.S. manufacturing," said Swan. "The tax reform is further incentive to continue these investments and reinforces our decision to invest in the build-out of our Arizona factory. It also informed the dividend increase we're announcing today."







* Data-centric businesses include DCG, IOTG, NSG, PSG, and All Other.
^ No adjustment on a non-GAAP basis.

The following information was filed by INTEL CORP on Thursday, January 25, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Companies may provide additional information to their SEC Filings as exhibits. Click a link below to view an exhibit that was filed with this report:

Exhibit 4.2.13 - INSTRUMENTS DEFINING THE RIGHTS OF SECURITY HOLDERS, INCLUDING INDENTURES

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Exhibit 10.12 - MATERIAL CONTRACT

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Exhibit 10.13 - MATERIAL CONTRACT

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Exhibit 10.1.3 - MATERIAL CONTRACT

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Exhibit 10.1.6 - MATERIAL CONTRACT

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Exhibit 12.1 - STATEMENT REGARDING CALCULATION OF RATIOS

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Exhibit 21.1 - SUBSIDARIES OF THE REGISTRANT

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Exhibit 23.1 - CONSENTS OF EXPERTS AND COUNSEL

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Exhibit 31.1 - RULE 13A-14A/15D-14A CERTIFICATION

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Exhibit 31.2 - RULE 13A-14A/15D-14A CERTIFICATION

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Exhibit 32.1 - SECTION 1350 CERTIFICATION

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Exhibit 99.1 - ADDITIONAL EXHIBITS

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  • Form Type: Annual
  • Number of times amended: 0
  • Accession Number: 0000050863-18-000007
  • Filing Date: Friday, February 16, 2018
  • Accepted by the SEC: Friday, February 16, 2018 8:31:45 AM EST
  • Period Ending: December 2017